The Quantic MBA is a low cost, entirely online, accredited MBA. So how does it compare to a traditional MBA?
The Quantic MBA offers a solution to two major challenges that business education is facing.
First, in light of scrutiny over the cost of an MBA, the Quantic MBA comes at a very low cost. Secondly, their MBA is entirely online, capitalizing on demands for online, distance learning programs which offer greater flexibility than campus-based programs.
So what is the Quantic MBA, and is it worth the same as a traditional MBA?
Quantic MBA | Curriculum and structure
Quantic School of Business & Technology offers what it claims to be the first app-based MBA. It takes around 13 months to complete, with between 150-to-200 students per intake.
The program is accredited by the Distance Education Accrediting Commission (DEAC), listed by the US Department of Education as a recognized accrediting agency.
Tuition is delivered through an interactive app, using what Quantic dubs the ‘Active Learning’ method, designed by professors from top MBA programs. The curriculum is self-oriented, allowing you to go through the reading, assignments, and learning at your own pace in your own time.
It is designed to be more interactive and dynamic than traditional MBA teaching methods—“no boring lecture videos, no tedious textbooks”, as the website reads. The interactive platform prompts users for interactions roughly every eight seconds, an interface which ‘tests not to confirm comprehension, but rather as an opportunity to teach’.
Students are often directed to other learning materials, such as studies from different schools, offering the option to read in greater depth on certain topics.
Studying isn’t an entirely solitary experience. On top of the learning platform, students take part in virtual discussions, case studies, and group projects over the course of the program.
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Quantic MBA | Admissions
Applying for the Quantic MBA has three stages.
First, candidates must complete a short online application, which includes information on academic qualifications and work experience. Candidates must have a bachelor’s degree, at least two years work experience, and english language proficiency.
The online application includes the following five questions:
1. Why are you pursuing an MBA and why Quantic?
2. How do you plan to use the MBA skills to advance your career?
3. What do you consider to be your greatest achievement and why?
4. If you could ask anyone for professional advice, who would it be, what would you ask them and why?
5. Is there anything else you'd like to tell us?
Successful applicants are shortlisted for a video interview. This is a chance to talk openly and informally about your motivations, your strengths, and what you feel you’d bring to the Quantic community.
After the interview, candidates are admitted to Quantic’s dashboard, where they have access to a small number of foundational business courses. Prior to being accepted, candidates are expected to complete a number of these courses.
Quantic MBA | Pros
Low cost is one of the main headlines of the Quantic MBA, and remains a huge advantage for students. With tuition at top business schools ranging anywhere from $50k to nearly $160k, Quantic’s MBA cost of just $9600 certainly stands out.
Quantic’s appeal also comes in how students can complete it at their own speed in their spare time. Students aren’t committed to lectures and seminars at specific times, and thus are able to orient their studies to fit around work and home life.
For self-employed consultant Hugh Wolton (pictured right), the cost and part-time nature of the program were two big factors for choosing Quantic. Hugh looked around top business schools, including London Business School, but he was reluctant to heap additional costs on top of his student debt from his bachelor’s. Moreover, with his own consulting business to run, he wanted a program which could fit around his work.
“I was aware of the time required for a full-time MBA that you need to take outside of work, and that wasn't something I wanted to commit to. I come from a background of learning on the job, and didn’t want to go back to full time studying,” Hugh says.
The part-time nature of the Quantic MBA means that the majority of students are working alongside their studies. For many, this provides a healthy opportunity to apply what you are learning directly to your job.
Quantic MBA student Matt* felt that his degree was filling the knowledge gaps that he didn’t necessarily get from his full time job at a major consulting firm.
“My consulting career has done a lot for that on a technical front, but I was conscious that I needed to address some knowledge gaps,” he says.
Now, nearing the end of the program, he can think of several scenarios at work where he directly applied what he had learned on his MBA.
Quantic’s structure also creates a unique connection to recruiters which often results in employment. Recruiters across a variety of industries subsidise the cost of the program for students, in return for having first access to graduates. For companies, Quantic offers access to top talent; for students, it could fast-track you into an exciting new role or industry.
*Name changed at request of the interviewee.
Quantic MBA | Cons
One of the main drawbacks of Quantic may be the exact reason you’re reading this—you’ve never heard of it. Compared to globally recognized brands like Harvard, LBS, and Wharton, Quantic doesn’t quite have the reputation of the name on the degree certificate.
But reputation may not be as important for the type of student Quantic attracts, like Hugh. “I’m doing this more for myself than potential employers. I want to fill the gaps in my business knowledge, and whether I do that at Harvard, LBS, or Quantic, makes no difference to me.”
Part-time study comes with the perils of trying to juggle a work-study-life balance. The self-oriented nature demands discipline and self-organization, especially when work can be more time-consuming.
“It can be tough to tie it into your routine and stay on top of things, and work as hard as you want to on it. That's often the main challenge for me—am I putting enough time in?” Matt says.
While the program incorporates group projects and some networking events, networking is undoubtedly not equivalent to that on a full-time MBA. That said, Quantic’s alumni base is around 2000 people, and growing, with several intakes each year. “The value of the MBA goes up in time, as the alumni network grows,” Matt says.
The Quantic MBA is a disruptive force in the MBA market. It lacks some of the additional benefits of a full time program—enhanced networking opportunities, extracurriculars and campus life, direct access to faculty, and the reputation of a business school degree—and in that sense can’t be considered a replacement for a traditional MBA.
But as an accredited program, it is a similar qualification on paper to a full-time MBA. The fact that it’s very low cost and fully remote, moreover, addresses several of the key challenges that full-time MBA programs are coming under increased scrutiny for. As it grows in popularity, it will be a format that business schools can’t ignore.
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This article was originally published in October 2020 and was updated in March 2021.
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The program is accredited by the Distance Education Accrediting Commission (DEAC), listed by the US Department of Education as a recognized accrediting agency. Tuition is delivered through an interactive app, using what Quantic dubs the 'Active Learning' method, designed by professors from top MBA programs.
I applied to the MBA program while pregnant with my second child -yes, this program is flexible enough to follow it while taking care of my two kids and a full-time job-. The acceptance rate is very competitive (less than 7% acceptance), but Quantic contacted me to apply for the Executive program, even more exclusive.
What happens if I fail an exam? If you fail an exam it's no problem, we understand that it happens. Exams cannot be retaken, but you can still get a passing final score and earn your EMBA.
Most employers and educational institutions outside the US will recognize your degree from Quantic School of Business and Technology, as it is an accredited US institution.
Are online MBAs respected – and are online MBAs worth it? The simple answer is yes. Many employers view online MBA programs as being just as credible as traditional on-campus programs. They understand that the quality of an educational program depends on more than just the delivery method.
Admission to Quantic's degree programs is one of the most selective in the United States with less than 13% acceptance rate. However, the school does not require standardized exams such as GRE or GMAT for admissions.
Conclusion. I really enjoyed my year in the Quantic MBA. It's not the right program for everyone but I think it will really suit my needs as a tech professional looking to move into leadership roles in the future.
Students must maintain a cumulative score of at least 70% (cohorts graduating before April 1, 2024) or 80% (cohorts graduating after April 1, 2024) to remain in good academic standing and earn their degree.
Quantic offers two highly selective business degree programs — the free MBA and radically affordable Executive MBA. Courses are delivered in the Quantic app on your mobile device or computer in bite-sized, interactive lessons and an accompanying peer learning platform.
The minimum marks to be attained should be at least 50 percent (for candidates belonging to the general category) and 45 percent (for candidates belonging to the SC / ST category).
The Global MBA 2022 ranking by the Financial Times goes beyond US business schools to compare some 156 MBA programs from all over the world. ... Financial Times MBA Rankings, 2020
The best way to get your MBA paid for is to work for an employer who provides either full or partial tuition reimbursem*nt. Some companies will pay for your education outright, including the cost of books and supplies.
“I think that there might be too many MBAs running companies … There should be more focus on the product or service itself, less time on board meetings, less time on financials.”
Do employers accept online degrees? In general, employers should treat an online degree the same as they would a campus-based degree. Most employers care far more about the quality of the school than the delivery format of the degree.
You can understand whether is online MBA worth it with the fact that many companies in India have recognized online MBA and offer graduates opportunities in different management positions with a great salary potential.
A LOT of students ended up in jobs they didn't like or on career paths that they didn't want to go. To sum it up, if you are indeed self-driven, a tier-3 college in India isn't necessarily bad in terms of getting a "degree". However it is not going to add anything substantial to your resume.
According to the BLS, some of the highest-paying management occupations related to MBA concentrations include computer and information systems management, financial management, marketing management, and human resources management.
The Admissions Counselor may ask you about your background, education, and career history, as well as your goals and aspirations for the future. They will want to know why Quantic is of interest to you and perhaps why you wish to pursue a business degree.
Every stage in life brings advantages and challenges to graduate education. Still, you can be comforted in knowing that there is no age limit for higher learning. In fact, an MBA at 40 could deliver many unique benefits above and beyond those enjoyed by younger students.
There is no one particular answer to this question, but generally, a score lower than 3.4 GPA may be considered a low GPA. If you wish to target the top MBA programs, you may want to have a safe ground at 3.4 and above. The average GPA score to join an MBA course for the top 50 universities lies between 3.4 and 3.7.
It is not that difficult to make a compelling case for you to earn your MBA at 30, 40 or 50 years of age. After all, many people have benefited from the impact and versatility of the MBA.
In India, based on MBA aspirants' feedback, the Common Management Admission Test CMAT is the easiest MBA (Master of Business Administration) entrance examination. I hope this will help you. CAT is the toughest because its score is used by legacy IIMs which are the best B-Schools in India.
Yes, students can fail an MBA program. Students with low grades or those who fail to complete coursework may not complete their degree. MBA programs reserve the right to expel students for poor academic performance.
Getting an MBA can be hard because the classes are pretty challenging, but they will help you become a better critical thinker. Many schools have students take the same core courses revolving around themes like leadership and teamwork, but most programs offer various electives to tailor to your MBA experience.
Accreditation. Quantic School of Business and Technology is accredited by the Distance Education Accrediting Commission, which is listed by the U.S. Department of Education as a recognized accrediting agency, and is also recognized by the Council for Higher Education Accreditation (CHEA).
You will either resit the assessment you failed, or take one item of assessment weighted at 100 per cent (this is called synoptic reassessment), depending on the regulations for each module. You should contact the school/institute responsible for the module if you are unsure what type of re-assessment is applicable.
Can you fail an MBA? Yes, you can. If you fail to maintain a certain required grade point average, your MBA program can drop you from the program. I recall when I was in the MBA program at George Washington Univ., you had to maintain a B (3.0) average.
Is an MBA harder than a master's? The difficulty of a program depends entirely on the institution. Both an MBA and master's in business are graduate-level programs, and meet the same rigorous academic standards.
You may have also heard that Quantic's MBA is no longer free — and you'd be correct. The good news is that Quantic's MBA, while not free, is still the most radically affordable — and highly selective — MBA program available.
Both a Master of Business Administration (MBA) and a Master of Science (MS) degree can offer a comprehensive graduate-level business education, however an MBA will provide an interdepartmental look at how businesses run, while an MS will provide a nuanced understanding of one particular area of business.
Most of them who do MBA are average students upto graduation , if they are so good then they would succedd in getting a job after graduation , so yeah, you can do, keep motivated set the target and just follow that surely you will catch up what you want .
But pursuing the course is not that difficult. I know many people from different academic backgrounds, who completed their MBAs at the top 20% of their class. Although it depends on individuals and how they face challenges. As the name suggests MBA is all about management of time, resources, people, situations.
Having a good undergraduate grade point average is certainly an important factor that admissions committees consider; however, GPA isn't the whole story. A strong GMAT score and evidence of relevant work experience is also very important.
Google, Accenture, Tata Consultancy Services, Cognizant Technology Solutions, IBM, Infosys, Intel, CISCO, Microsoft, and Amazon are the top 10 highest paying companies in India for MBA Freshers.
An MBA in Artificial Intelligence is one of the most popular courses among students after completing their graduation. It is a unique course that teaches business management with Artificial Intelligence. After completing an MBA in Artificial Intelligence, graduates will have better career opportunities and growth.
IT or Technology Management. A specialized MBA in IT or Technology Management puts MBA graduates at the cutting edge of UX, design, and the flow of information technology.
Traditionally, finance, marketing, HR, operations, and entrepreneurship are some of the most sought-after and the best MBA specializations and are considered safest by many students. ... Table of Contents
Many programs incorporate the costs of international business trips, real-world consulting projects, and other experiences into their fees. Equally, organizing career fairs, workshops, and coaching makes providing an MBA an expensive endeavor for schools.
Introduction: My name is Kelle Weber, I am a magnificent, enchanting, fair, joyous, light, determined, joyous person who loves writing and wants to share my knowledge and understanding with you.
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